As a solopreneur, navigating the challenges of running your own business often means wearing many hats—sales, marketing, operations, and even finance. However, one critical area that’s frequently overlooked by small business owners is retirement planning. With no corporate pension or employer-sponsored 401(k) plan to fall back on, it’s essential to create a robust retirement strategy […]
As a small business owner in Arizona, navigating the world of retirement planning can be overwhelming. With a variety of options available, it can be hard to determine which plan is best for your micro-business. Two retirement plans that have gained popularity among self-employed individuals and business owners are the Safe Harbor 401(k) and the […]
The passage of the Secure Act 2.0 has introduced a range of changes aimed at making retirement planning more accessible and streamlined for Americans. For small businesses, these updates present both opportunities and challenges, particularly when it comes to 401k plans. This blog will explore the key changes brought about by the Secure Act 2.0, […]
Missing critical compliance deadlines can be stressful, especially for small business owners juggling multiple responsibilities. One such important task is filing Form 5500, which is crucial for maintaining the compliance of your 401(k) or other employee benefit plans. If you have missed Form 5500 filing, this guide will walk you through the steps to mitigate […]
For small business owners, retirement planning often brings up a lot of questions, especially for those who have set up an owner-only or solo 401(k) plan. While these plans offer unique advantages, there are specific filing requirements and compliance rules that must be met to maintain their benefits. Missteps in filing can lead to penalties, […]
